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Business Description
Chesapeake Energy Corporation engages in the development, acquisition, production, exploration, and marketing of onshore oil and natural gas properties in the United States. Its properties are located in Oklahoma, Texas, Arkansas, Louisiana, Kansas, Montana, Colorado, North Dakota, New Mexico, West Virginia, Kentucky, Ohio, New York, Maryland, Michigan, Pennsylvania, Tennessee, and Virginia. As of December 31, 2005, the company had proved developed and undeveloped reserves of approximately 7,520,690 million cubic feet of gas equivalent, including approximately 103,323 thousand barrels of oil and approximately 6,900,754 million cubic feet of natural gas. It also owned interests in approximately 30,600 producing oil and gas wells, as of above date. Chesapeake Energy was co-founded by Aubrey K. McClendon and Tom L. Ward in 1989. The company is headquartered in Oklahoma City, Oklahoma.